Preparing for Day When Rates Rise

By

Matt Wirz

Updated March 11, 2013 10:25 a.m. ET

"Don't fight the Fed" has been a market mantra for the past four years. But some bond investors are starting to lace on their gloves.

Figuring that the Federal Reserve won't be able to keep a lid on interest rates forever, large money managers such as BlackRock Inc., TCW Group Inc. and Pacific Investment Management Co. are getting...